which is better? giving up the areas in which yahoo can't win, getting a good deal in return and concentrating on the areas they are strong in or trying to fight a losing battle, sinking millions of dollars in the process?
His logic seems to be 'search is very important so yahoo shouldn't give up its second place'. It doesn't matter search is uber important, what matters is whether yahoo can keep its place. They certainly feel they can't, so its very sensible to get out before the going gets really bad.
good business is all about deciding which areas to play, and knowing when to leave